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of miles away from where the end consumer is. how do you actually know what consumers let's say in south america, africa actually like in terms of fragrances? >> it's imminently linked to the culture of a local country. especially on the state side, especially on the flavor side. so we don't create fragrances and flavors for the indians and the chinese. we have 9,000 people around the world. half of them create the next fragrances and flavors. and out of those 4,500 people, you have roughly 2,000 people who are actually in those countries. they are local people so we are chinese employees, chinese favors, will create those fragrances and flavors for the whole market. because, again, you can't know about the local culture out of switzerland. so you have to by there. and we have there in all of those countries so we do expensive consumer tests. we do expensive consumer insight. we drive the trend and that's helpful to grow in those markets. >> another factor that's created a lot of headache is the strength. how difficult is it to be a globally operating company that's based here in switzer
not thrilled at the prospect of a reunified korea having south korea and america right across the river. this is an area where the chinese could tune themselves up a little. but clearly they are not in love with north korea. >> i can only say china is trying to encourage the transformation of korea and encouraging north korea to follow the same path china has engaged in in the last several, opening up their economy in china has been actively trying to establish free trade zones, encouraging other countries to establish operations in certain areas as a way to try to beef up the north korean economy and hope that that may lessen the isolation of north korea and therefore are influenced their foreign policy and some of their military policies. >> on the outside there. >> what about china's book, continental border with russia? what about china buying to siberia. i'm colonizing siberia, sending out some of these people -- how to separate the united states? how does that worry the united states? actually, china getting stronger unaccounted siberia? >> i haven't heard any proposals for china
but starting today anyone with a phone in key emerging markets in india and south america and australia can sign up and it will roll out worldwide including here in the u.s. becky? >> julia, thank you very much. we'll be watching all that as it comes out later today. >>> let's talk consequences of the fiscal cliff. companies of announces dividends in recent days trying to avoid the tax hikes set to kick in at the end of the year. who is really making money on this? >> a lot of people especially ceos more than 110 companies have announced special dividends in the fourth quarter alone that's more than three times last year's fourth quarter. the reason? the fiscal cliff. if we go off the cliff tax rates on dividends could go from 15% to more than 43%. companies are racing to beat the tax hikes by paying dividends before december 31st and some of the biggest beneficiaries, both insiders and ceos. mickey arison is getting $89 million from carnival giving him a potential tax savings. and larry elison is getting savings around $56 million. thomas frist at hca is getting around $350 million, saving
, and south america, which we really don't have now. really makes us a global powerhouse. >> you know, is the underwear business and the jeans business a bigger business than the suit business for example? >> yes. the underwear business worldwide is over a billion dollars in sales and jeans business is close to $2 billion. so those are the two largest categories followed by fragrance which is about a billion and a half dollars. >> when you did the tommy deal you knocked the cover off the ball. you put some numbers out. you delevered the company quickly. now you're back doing the warnerco deal. is this going to be as transformational? >> i think in some ways it's going to be more transformational. it really opens up two key markets for us to operate directly. today we are operating on joint ventures and licensing arrangements. so in asia, china specifically, ind india, and in latin america with brazil, you know, really opening up the developing economies, where warnaco, in those two areas approaching 20%. >> phillips-van heusen, to be able to transform it from what we think of when we
border, gaza the south and egypt and sinai are fighting israel and shelling israel. if we come back to israel's aid it is very bad for israel and america at the same time. melissa: a lot of people said when the arab spring was coming to fruition, this was a wonderful day and new day for democracy in the middle east. there were a few voices at that time said hang on, the guys coming in to replace them are even mored are call than what we saw. this is actually moving in the opposite direction than you think. how did that happen? why did hat happpn because it is continuing? >> because americ and president obama's administration ignored the warning signs and what the muslim brotherhood and what radicals are about. when president obama first becameme president and he went to egypt and gave his first address, his first speech in cairo, in ept, he made it a point to invite the muslim brotherhood to the chagrin of the mubarak regime. he insisted that the muslim brotherhood would be sitting in two front seats addressing his speech. that gave them a importance in power gaining respect of ame
Search Results 0 to 4 of about 5